Fruitas Holdings acquires coconut water delivery service


Posted at Mar 09 2020 10:46 AM

MANILA - Fruitas Holdings Inc on Monday said it acquired CocoDelivery to cater to consumers' growing demand for food delivery services. 

Fruitas acquired 100 percent outstanding shares of CocoDelivery Inc which delivers fresh coconut water supplied by the Fruitas group, it said in a disclosure to the stock exchange. 

"In response to changes in consumers’ purchasing patterns, FRUIT has agreed to acquire the assets of CocoDelivery to ramp up its delivery channel to serve its fresh and healthy products to more Filipinos," the statement said. 

It's #8COCO (#82626) hotline will become the single delivery hotline of the Fruitas Holdings' full product range, it said.